Mill Creek Capital Advisors LLC Buys 154 Shares of Lockheed Martin Co. (NYSE:LMT)

Mill Creek Capital Advisors LLC increased its stake in Lockheed Martin Co. (NYSE:LMT) by 9.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,805 shares of the aerospace company’s stock after acquiring an additional 154 shares during the period. Mill Creek Capital Advisors LLC’s holdings in Lockheed Martin were worth $843,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. GAMMA Investing LLC lifted its position in Lockheed Martin by 130.0% in the second quarter. GAMMA Investing LLC now owns 3,572 shares of the aerospace company’s stock valued at $1,668,000 after purchasing an additional 2,019 shares during the last quarter. Morningstar Investment Services LLC raised its holdings in Lockheed Martin by 99.6% during the 4th quarter. Morningstar Investment Services LLC now owns 147,811 shares of the aerospace company’s stock valued at $66,697,000 after buying an additional 73,774 shares during the last quarter. Brevan Howard Capital Management LP boosted its position in Lockheed Martin by 414.2% during the 4th quarter. Brevan Howard Capital Management LP now owns 7,121 shares of the aerospace company’s stock valued at $3,228,000 after buying an additional 5,736 shares during the period. New Mexico Educational Retirement Board grew its holdings in Lockheed Martin by 20.5% in the 1st quarter. New Mexico Educational Retirement Board now owns 14,097 shares of the aerospace company’s stock worth $6,222,000 after acquiring an additional 2,400 shares during the last quarter. Finally, American National Bank increased its position in shares of Lockheed Martin by 26.8% in the first quarter. American National Bank now owns 36,577 shares of the aerospace company’s stock valued at $16,638,000 after acquiring an additional 7,731 shares during the period. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Trading Up 1.5 %

Shares of NYSE LMT opened at $580.59 on Tuesday. Lockheed Martin Co. has a 1 year low of $393.77 and a 1 year high of $581.75. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.24 and a quick ratio of 1.07. The firm has a 50-day moving average of $547.94 and a 200 day moving average of $490.19. The stock has a market cap of $139.31 billion, a P/E ratio of 21.24, a price-to-earnings-growth ratio of 4.55 and a beta of 0.47.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share for the quarter, beating analysts’ consensus estimates of $6.45 by $0.66. Lockheed Martin had a net margin of 9.48% and a return on equity of 95.03%. The business had revenue of $18.12 billion during the quarter, compared to the consensus estimate of $17.05 billion. During the same quarter last year, the firm earned $6.73 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, sell-side analysts expect that Lockheed Martin Co. will post 26.65 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be issued a $3.15 dividend. This represents a $12.60 annualized dividend and a yield of 2.17%. The ex-dividend date is Tuesday, September 3rd. Lockheed Martin’s dividend payout ratio (DPR) is 46.10%.

Analysts Set New Price Targets

LMT has been the subject of a number of analyst reports. Royal Bank of Canada upgraded shares of Lockheed Martin from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $500.00 to $600.00 in a report on Monday, August 5th. Barclays lifted their price objective on Lockheed Martin from $480.00 to $505.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. boosted their target price on Lockheed Martin from $518.00 to $560.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Wells Fargo & Company raised their price target on Lockheed Martin from $483.00 to $525.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Finally, Melius upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price target on the stock in a report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $553.43.

Insider Transactions at Lockheed Martin

In other news, insider Timothy S. Cahill sold 3,975 shares of Lockheed Martin stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $515.36, for a total value of $2,048,556.00. Following the completion of the transaction, the insider now owns 8,877 shares of the company’s stock, valued at approximately $4,574,850.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.17% of the company’s stock.

Lockheed Martin Profile

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.